FSCS declares another British Steel adviser firm in default

The firm, Mercia Financial Planning applied to cancel its authorisation by the Financial Conduct Authority (FCA) on 24 May 2022, according to the FCA register. The Birmingham-based firm entered voluntary liquidation, with Roderick Graham Butcher appointed to deal with the case on 15 February 2022, according to Companies House. On 26 January 2021, the FCA restricted the firm from disposing of its assets and client base without its written consent, according to the FCA register. The firm's director, Mark Keenan also held compliance oversight and money laundering reporting roles, acco...